Coillte pension deficit row resolved

An action over a €23m deficit in the pension scheme of State forestry body Coillte Teoranta, affecting 2,000 people, has been settled at the commercial court on undisclosed terms.

The case was listed for hearing on Tuesday but talks continued between the sides throughout the day after which Ms Justice Mary Finlay Geoghegan was asked to adjourn the matter yesterday to allow for final documents to be signed.

The judge was told by Brian O’Moore SC, for the scheme trustees, the case was finally settled and could be struck out with no order. No details of the settlement were disclosed.